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FILE - This June, 28, 2012, file photo shows hogs at a farm in Buckhart, Ill. U.S. agricultural economists say that a global shortage of bacon because of this year's drought will not pan out. Their consensus is that consumers will still find their ever-ubiquitous bacon at the supermarket, but they should just expect to pay more for it. (AP Photo/M. Spencer Green, File)

Bacon shortage is just 'baloney,' but prices to rise

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ST. LOUIS (AP) -- Bacon lovers can relax. They'll find all they want on supermarket shelves in the coming months, though their pocketbooks may take a hit.

The economics of the current drought are likely to nose up prices for bacon and other pork products next year, by as much as 10 percent. But U.S. agricultural economists are dismissing reports of a global bacon shortage that lent sizzle to headlines and Twitter feeds last week. Simply put, the talk of scarcity is hogwash.

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